• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Hungary Insurance Report Q4 2012 - Product Image

Hungary Insurance Report Q4 2012

  • Published: September 2012
  • Region: Hungary
  • 82 pages
  • Business Monitor International

The Hungary Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Hungary's insurance industry.

The Hungary Insurance Report considers the prospects for both life and non-life insurers in that country.

Relative to its peers in Central and Eastern Europe, Hungary stands out for several reasons. The most obvious is that it has been shrinking, by at least one metric, for years. The latest data, published by the Association of Hungarian Insurance Companies (MABISZ) in Q112, indicate that, in terms of gross premiums written, both segments were smaller in 2011 than they had been in 2007. Although the life segment is dominated by unit-linked products, a characteristic that attests to the risk tolerance of Hungarian households who use life insurance and one that also sets Hungary’s insurance sector apart from others in the region, the volatility of financial markets has taken its toll. Brutal competition in motor related lines (ie: both compulsory motorists third-party liability – CMTPL – cover and voluntary READ MORE >

Executive Summary 5
Table: Total Premiums, 2009-2016 5

Key Insights And Key Risks 5

SWOT Analysis 7

Hungary Insurance Industry SWOT 7

Hungary Political SWOT 8

Hungary Economic SWOT 9

Hungary Business Environment SWOT 10

Life Sector 11

Central And Eastern Europe Life Sector Overview 11
Table: Central And Eastern Europe Life Premiums, 2009-2016 11

Hungary Life Sector Update 14

Life Industry Forecast Scenario 15
Table: Hungary’s Life Premiums, 2009-2016 15

Growth Drivers And Risk Management Projections 15

Population 15
Table: Insurance Sector Key Drivers – Demographics, 2009-2016 16

Non-Life Sector 18

Central And Eastern Europe Non-Life Sector Overview 18
Table: Central And Eastern Europe Non-Life Premiums, 2009-2016 18

Hungary Non-Life Sector Update 20

Non-Life Industry Forecast Scenario 21
Table: Hungary’s Non-Life Premiums, 2009-2016 21

Growth Drivers And Risk Management Projections 22

Macroeconomic Outlook 22
Table: Hungary Economic Activity, 2011-2016 25

Political Stability Outlook 25
Table: Europe Security Risk Ratings 27

Epidemiology 28
Table: Insurance Key Drivers – Disability-Adjusted Life Years, 2009-2016 29

Motor 30

Insurance Risk/Reward Ratings 32
Table: Hungary’s Insurance Risk/Reward Ratings 32
Table: Central And Eastern Europe Insurance Risk/Reward Ratings 33

Competitive Landscape 34

Competitive Landscape Analysis 34

Major Players In Hungary’s Insurance Sector 35

Company Profiles 37


Allianz 40

AXA 43

BNP Paribas Cardif 46

Hungary Insurance Report Q4 2012

© Business Monitor International Ltd

Page 4


Generali PPF Holding 52

Groupama 58

MetLife 61

QBE Insurance Group 64

UNIQA Group 67

Vienna Insurance Group 70

Demographic Outlook 74
Table: Population By Age Group, 1990-2020 (‘000) 75
Table: Population By Age Group, 1990-2020 (% of total) 76
Table: Key Population Ratios, 1990-2020 77
Table: Rural And Urban Population, 1990-2020 77

BMI Methodology 78

Insurance Risk/Reward Ratings 79
Table: Insurance Business Environment Indicators And Rationale 80
Table: Weighting Of Indicators 81

KÖBE (Transport Insurance Association) , Posta Biztosító (Hungarian Post Insurance/Life) , , AEGON , Allianz , Aviva , AXA , BNP Paribas Cardif , ERGO , Achmea , Generali , GRAWE , Groupama , HDIGerling/Talanx , ING , KBC Group , MetLife ALICO , Prudential Financial , QBE , RSA , UNIQA , Vienna Insurance Group , Zurich ,

Note: Product cover images may vary from those shown


Our Clients

Our clients' logos